Valley National (NYSE: VLY) director receives 8,121 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHULTZ MELISSA J reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp director Melissa J. Schultz received a grant of 8,121 shares of Common Stock as a compensation award. The award consists of restricted stock units granted under the Valley National Bancorp 2023 Incentive Compensation Plan and will vest in one year, subject to certain exceptions. Following this grant, she directly holds 98,762 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHULTZ MELISSA J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,121 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 98,762 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,121 shares
Grant price: $0.0000 per share
Total shares after grant: 98,762 shares
+1 more
4 metrics
RSU grant size
8,121 shares
Restricted stock units awarded on 2026-05-18
Grant price
$0.0000 per share
Stated transaction price for RSU award
Total shares after grant
98,762 shares
Direct holdings following the transaction
Vesting period
1 year
RSU award vests in one year, subject to exceptions
Key Terms
Restricted stock units, 2023 Incentive Compensation Plan, Grant, award, or other acquisition, non-derivative
4 terms
Restricted stock units financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Incentive Compensation Plan financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
non-derivative financial
"transaction_type: non-derivative"
FAQ
What did the Valley National Bancorp (VLY) Form 4 report for Melissa J. Schultz?
The Form 4 reports that director Melissa J. Schultz received 8,121 restricted stock units of Valley National Bancorp Common Stock as a compensation-related award, granted at no cash cost under the 2023 Incentive Compensation Plan, with the award scheduled to vest in one year, subject to exceptions.
What is the vesting schedule of Melissa J. Schultz’s new Valley National (VLY) restricted stock units?
The restricted stock units granted to Melissa J. Schultz vest in one year, subject to certain exceptions. This means she is scheduled to receive the underlying shares after one year of continued service or satisfaction of the plan’s vesting conditions, as described in the Form 4 footnote.
Was Melissa J. Schultz’s Valley National (VLY) transaction a market purchase or sale?
The Form 4 shows a grant classified as a “Grant, award, or other acquisition” with transaction code A, not a market purchase or sale. The 8,121 shares were awarded as restricted stock units under the 2023 Incentive Compensation Plan at a stated price of $0.0000 per share.
Under which plan were Melissa J. Schultz’s Valley National Bancorp (VLY) restricted stock units granted?
The restricted stock units were granted under the Valley National Bancorp 2023 Incentive Compensation Plan. The footnote explains that these RSUs were awarded pursuant to this plan and that the award will vest in one year, subject to specified exceptions in the plan’s terms.